Guffey v. Smith (237 U.S. 101)…
“ It is settled by the decisions of the supreme court of Illinois that an oil and gas lease like that of the complainants passes to the lessee, his heirs and assigns, a present vested right-'a freehold interest'-in the premises, that this interest is taxable as real property, and that the clause giving the lessee an option to surrender the lease at any time is valid, does not create a tenancy at will or give the lessor an option to compel a surrender, and does not make the lease void as wanting in mutuality. ”
